KSG Agro to issue USH 200 mln in local bonds

Agricultural company KSG Agro (Luxemburg) plans to issue UAH 200 mln in two-year local bonds, with a coupon of 16.5%, according to Interfax on Friday. The bonds were registered by Ukrainian daughter company Skorpion. Bond proceeds will be directed at capital investments (machinery purchases and elevator construction). KSG Agro is a vertically-integrated holding engaged in  producing, storage  and processing grain and oilseeds as well as vegetables and fruits. In April 2011, KSG Agro conducted an IPO of a 33% stake for total of USD 39.6 mln on the WSE.